HINDCOPPER trade ideas
Hindcopper 214 falling wedge shall ensure a conservative target of 214 in short term. a close above 153 needed for the upmove. trigger is close above 161
HindCopper DailySeems to be good support at current levels.
Fib support. Trendline Support.
Hoping for close above 145.
Follow for more.
Hindcopper: Commodity Supercycle?Hindcopper completed its abcde of Elliots, ready to pull back. The idea can seem a tough thing to happen but this what it is.
T1: 172
T2: 200
Hindustan copperStock is moving in a range , can buy on support levels for a handsome gain in short-medium term
On way to falling wedge formation.While on its way to falling wedge formation the support line has been encountered. We will see today if this is the end of downward trend. If it is so, 156 will be held.
Buy HINDCOPPERAccording to chart anylasis chart making symatrical traiangle pattern so we can buy between 163 to 167 then immediately target 200.
Hindustan Copper. Some interesting upcomingIndian Government policies that will increase demand for Copper
1) Make in India
2) 100 smart cities
3) Metro and Railway Projects
4) Aatmanirbhar Bharat in Defence
5) 450 GW target for renewable energy by 2030
5) PLI schemes for the consumer electronic industry
6) Accelerated growth for electric vehicles
Expansion Strategy Of Hindustan Copper Limited
1) Expansion of existing mines, Malanjkhand, Khetri & Kolihan, Surda: from 3.71 MTPA to 8.2 MTPA
2) Re-opening of closed mines: Rakha, Kendadih 1.9 MTPA.
3) New mines and greenfield exploration: Awarded RP-Balaghat. New mines – Banwas and Chapri Sidheshwar and applied for area reservation in other places. 0.26 MTPA to 2.1 MTPA.
4) Exploration to establish depth and strike continuity of ore body.
5) Sustainable Development: Utilization of waste rocks.
6) Niche Product Segment: manufacturing value-added products.
hindcopper longgo long on hindcopper for immediate target of 180
reason for selection
1.rsi divergence
2.50 percent fib retracement
3.bullish harami reversal pattern wih volume
gd luck ....take position accoding to your risk
On the verge of Breakout ✌✌This scrip starts swing trade and expected it moves further. So traders keep on your radar to catch the momentum.
HINDCOPPER AMAZING SETUPHINDCOPPER HAS CLOSED ABOVE ITS RESISTANCE OF 165
A STRONG CLOSING ON FRIDAY GIVES MORE CONVICTION TO GO LONG IN THIS SCRIP
AN ENTRY AT THIS WILL GIVE US THE PERFECT RISK REWARD
BUY RIGHT AND SIT TIGHT
SL WOULD BE THE RECENT SWING LOW
Hindustan CopperHindustan Copper - Cmp 173.15
Looks good for long for initial targets of 189/200/212 as long as sustains above 165.
Reason:
1. Breakout retest candidate.
2. Hidden bullish divergence.
Swing Trading using moving average and bollinger bandsHello!! i am MBA in finance and an active trader. i mostly do swing trading, where one can book profit in 10 to 14 days. This is my technical analysis using 50 ma and bollinger bands the point where both indicators meet we expect the price to rise.
Hindustan copper wait for the green candle and take the trade.
Risk management is very important here profit booking or the target selected is 1:2 but you can increase if you want .
Entry 165 (wait for green candle then enter)
stoploss 157
target 181 (1:2)
-lets share and grow together ;)
Hindustan Copper - Inverted Hammer after a downtrend.After a cup and handle formation and a steady downtrend for the past 20 sessions, Hindustan Copper formed an Inverted Hammer - a bottom reversal line today 9th June 2021. The inverted hammer is a bullish pattern after a downtrend. However, it is important to wait for a bullish verification tomorrow. An open above the inverted hammer's real body could be the form of verification. It may be noted that the reversal is happening near the Moving Average.
HINDCOPPER 30min chart Breakout!First lets talk about risk
Tight SL coz if those levels are broken the breakout will fail. also metal sector is not looking very bullish in short time and we are trading on 30mins chart for short term.
Now here are my reasons to trade
Stock gave a breakout on 30 min chart today with a good volume.
Stock was consolidating for 11 trading day and gave a breakout on 12th day, i.e. today.
After breakout it retested the trendline for about 1.5 hours and managed to sustain above the trendline.
On the upper side it is facing a resistance on 0.236 fibonacci levels.
MACD also generated a buy signal.
Major trend is on the positive side on a bigger time frame but metal sector is underperforming from last few sessions and as these metal stocks are cyclical. Sector is in a fear of trend reversal.
On the bright side, metal prices in India are kept artificially lower to than other companies so their is room to improve.
